CF Industries Holdings, Inc. (CF) Maintains Neutral Rating

Analyst Edlain Rodriguez at Broadpoint AmTech has released an update on CF Industries Holdings, Inc. (NYSE: CF). The company finally succeeded in its chase, which lasted a year, for Terra Industries Inc. (NYSE: TRA).

CF will pay Terra $4.7 billion for the acquisition. According to Broadpoint AmTech, a multiple of 6.5x EBITDA is appropriate for the combined company. This yields a price of $90-$100 for CF Industries stock.

Broadpoint AmTech has reiterated its Neutral rating for CF Industries Holdings, Inc. as it believes that the current valuation of the company is not compelling.